Property Sale By Sealed Bid
Overview
1388 Warren Coleman Boulevard is a 2.937-acre tract owned by the City of Concord Alcohol Beverage Control Commission. The ABC board will retain a 0.8-acre parcel for a retail store. The remaining acreage including the existing 21,929 SF building has been authorized for sale by sealed bid.
Highlights
-
High Traffic Visibility – Located at the intersection of NC-49 and US 601.
-
Close in proximity to Highway I-485, I-85, Concord, UNCC and Charlotte.
-
Zoned C-2, Built 1977.
-
In close proximity to other major business services: Harris Teeter regional distribution center, QT, CVS, BP, Bojangles, and Food Lion.
Features
-
Building Sprinkled
-
Updated LED Lighting
-
Updated HVAC
-
2 Loading Dock Doors
-
Like New Flooring
-
All Systems On & Operating
-
Move In Ready
-
Ample Power
Sales Process
-
February 15th – Marketing Initiation
-
April 4th at 12 PM – Opening call for sealed bids.
-
April 25th at 12 PM – Closing for receipt of sealed bids.
-
May 1st – May 19th – Chosen bidder and ABC Board work to finalize an executable contract, associated documents, and exhibits.
-
May 19th – ABC Board at regularly scheduled monthly meeting shall pass a resolution to ratify the final contract.
-
June 19th – Target closing 30 days following contract ratification.
Scheduled building open dates and times or showings by appointment only:
-
Wednesday March 5th 1 PM to 4 PM
-
Friday March 21st 1 PM to 4 PM
-
Friday April 4th 1 PM to 4 PM
-
Friday April 18th 1 PM to 4 PM
Proposal Guidelines and Timing
Format
Minimum Bid: $2,100,000.00
The buyer will be required to provide “proof of funds” and ability to close 30 days after contract execution.
All bids must be submitted on the official approved form:
Click Here to Download Official Form
Due Diligence
Click Here to Download Due Diligence File
Additional Information
Use Restrictions by proximity as per City Of Concord City Code: No Church, Daycare, nor School Uses.
Broker Participation is acknowledged and must be registered on the submitted bid form. The submitted bid form shall have the bidder signature and any broker signature.
Property being sold in “as is” condition.
Deadline For Bid Submittal and Deliverance
Bid submissions due by 12 PM on Friday, April 25th. Any bids submitted after the deadline will not be considered.
Bids shall be delivered to the office of the General Manager at 230 International Drive, Concord NC 28027.
